Police Raid Targets Hayne's Manager

Three Sydney properties have been raided by police as part of ongoing investigations into salary cap breaches at the Parramatta Eels NRL club.

Police confirmed raids were underway at businesses in the CBD, Woollahra and Leichhardt on Thursday morning. The raids were being conducted in relation to Strike Force Rhodium, a NSW police spokeswoman told AAP.

No arrests are expected and no further comment will be made, police said.

Officers from the NSW Fraud and Cybercrime Squad arrived at the properties with search warrants just after 9.30am.

The addresses involve four managers: Jarryd Hayne's agent, Wayne Beavis, in Woollahra; the Leichhardt office of Sam Ayoub; and the Pitt Street offices of George Mimis and Paul Sutton, according to reports.